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...companies that have loans that are coming due in the next few months and need to refinance, the continued credit crunch could mean they will be forced to file for bankruptcy or shut down. Bain's Rovit estimates that there will be 75 bankruptcies this year among companies with at least $100 million in assets, up from just 13 last year. He expects the number of bankruptcies to continue rising next year as well. S&P says its watch list used to be filled mostly with homebuilders or mortgage companies. But the latest additions are coming from industries such...

Author: /time Magazine | Title: Crrrunch! Is Your Favorite Company About to Go Bust? | 10/22/2008 | See Source »

Such gestures have come more frequently in recent months as Sudan tries to shut down the ICC investigations, experts say. For a couple of years, Sudan seemed to have regarded the Hague-based International Criminal Court dismissively, but its focus was sharpened in July when Chief Prosecutor Luis Moreno-Ocampo sought an arrest warrant for President Bashir himself. During the annual General Assembly session last month, Sudan pressed its case with other countries. The Bashir government warned that Sudan could cancel all its agreements with the U.N. if the ICC case goes ahead. "It is not true that the government...

Author: /time Magazine | Title: Indicted over Darfur, Sudan's President Feints and Punches Back | 10/21/2008 | See Source »

...claims the Green Cup wins just more than $1000. As the standings begin to shake out, houses that stand to lose tend to tune out, defeating Green Cup’s goal of drumming up environmental excitement within the student body. The College would do well to emulate the Shut the Sash program’s structure: setting each house a number of quantifiable resource-saving goals, and rewarding those houses that meet their goals with regular—and desirable—prizes. This would raise the Green Cup’s cost, but would strengthen the incentive...

Author: By Jonathan B. Steinman | Title: Permanent Green | 10/20/2008 | See Source »

...complexity. Many departments and schools have their own green groups. Each of these groups runs a variety of programs to change the habits within its fief, many of which have been successful. Salient among these programs are green competitions—the Green Cup in the College, the Shut the Sash Competition, which pays labs to close energy-hungry fume hoods, run by the Green Labs program, the Green Skillet contest run by HUDS, and other similar programs across campus—in which groups are rewarded for reducing their environmental impact...

Author: By Jonathan B. Steinman | Title: Permanent Green | 10/20/2008 | See Source »

...parent institution money. The science complexes in Cambridge and Longwood—usually energy hogs whose buildings use three- to eight-times more energy per square foot than other buildings across campus—avoided the emission of 416 metric tons of carbon and saved $160,000 through the Shut the Sash competition. Since the Resource Efficiency Program (REP)—a university-sposnored initiative that pays students to reach out to others about environmental matters—was founded in 2002, the College has seen savings quantified at over $400,000 over the last fiscal year in utility...

Author: By Jonathan B. Steinman | Title: Permanent Green | 10/20/2008 | See Source »

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